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Oct 30, 2012
10/12
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you want to break through that, sure, we have to solve all kinds of tax issues. all i want to say is, don't under estimate the american spirit. you heard chuck schumer say they are going to rebuild. i love that. >> we love your optimism larry. >> we are going to be okay this is america. >> larry dkudlow. >> we know you all miss him. coming up next we will tell you how they plan to do it and we will be back with more on this cnbc special report. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving
you want to break through that, sure, we have to solve all kinds of tax issues. all i want to say is, don't under estimate the american spirit. you heard chuck schumer say they are going to rebuild. i love that. >> we love your optimism larry. >> we are going to be okay this is america. >> larry dkudlow. >> we know you all miss him. coming up next we will tell you how they plan to do it and we will be back with more on this cnbc special report. when you take a closer...
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Oct 29, 2012
10/12
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of tax loss selling that occurs in the last week of october that is now going to be pent up to when the market resumes trading on wednesday. >> exactly. >> which is why i said earlier, to michael, would you expect basically people trying to get out of positions, a selloff come wednesday? is that what you would expect wednesday if the markets are open, we get a sizeable sell off12of off? eric? >> i think we'll see added volatility. that's going to create some opportunities out there. i think you have to look through near-term issues. because a lot of that normal, natural selling that does occur toward the end of october, will probably occur over a shorter time period. >>. >> we will leave it there. a lot of moving parts we'll check in after this break. super storm sandy sending shock waves across corporate earnings calendar. herb greenberg coming up with that. keep it right here for sandy's storm track, flight cancellations, the impablgt on business and money. ♪ ♪ ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an
of tax loss selling that occurs in the last week of october that is now going to be pent up to when the market resumes trading on wednesday. >> exactly. >> which is why i said earlier, to michael, would you expect basically people trying to get out of positions, a selloff come wednesday? is that what you would expect wednesday if the markets are open, we get a sizeable sell off12of off? eric? >> i think we'll see added volatility. that's going to create some opportunities out...
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Oct 29, 2012
10/12
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CNBC
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tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. >>> pictures of a foebl broken crane on the luxury apartment building going up on 57th and central park called 157. we'll keep you updated on what's happening. so far is there are cops in the area and they're starting to evacuate the area so if it does fall, no one will get hurt. >>> let's get to the weather channel's paul walsh with some of the numbers on sandy's likely retail impact. thanks for putting in long days. we know the usual suspects are being sold out. water, booze, whatever. what else do you expect to sell? >> interestingly, the storm hit, and where the threat of the storm came in overlapped where the snowtober storm happened last year. that saturday, the last day of the fiscal october last year got hit by the storm. this year they got hit
tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. >>> pictures of a foebl broken crane on the luxury apartment building going up on 57th and central park called 157. we'll keep you updated on what's happening. so far is...
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Oct 31, 2012
10/12
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tax policy, fiscal policy is a big question mark in people's minds. so i think that the biased long-term between the months of november and the end of year, it's probably downward as we adjust to the out of the money risks that we're facing right now. >> because between the fiscal cliff -- how big an issue is the tax policy? meaning do you sell now try to take advantage of where we are? >> our debt to gdp right now is 100%. and we're growing that at about 8% per year. if we don't do something to close the gap between what we make and what we spend, we know that we're on a path of unsustainability. right now the gang of eight and the presidency, everybody that's looking at this problem has to make some pretty dramatic moves pretty quickly to avoid what will otherwise be a hard landing if these bush tax cuts do expire without being addressed. >> i know we're making a lot of the storm because we are in the midst of the storm itself here. are there any investments one way or the other as a result of the storm that you will be making or taking off the tabl
tax policy, fiscal policy is a big question mark in people's minds. so i think that the biased long-term between the months of november and the end of year, it's probably downward as we adjust to the out of the money risks that we're facing right now. >> because between the fiscal cliff -- how big an issue is the tax policy? meaning do you sell now try to take advantage of where we are? >> our debt to gdp right now is 100%. and we're growing that at about 8% per year. if we don't do...
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Oct 31, 2012
10/12
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what about tax hikes, fiscal cliff risk. what do you do here? we're in november. we don't have much time. how do you play this? >> with election risk, which i think is big. that's going to be a certainty a week from today. and i'm not ready to call the gop and conservatives a win. i think it's getting close. and if it does, remember that banks might be a nice play because there will be less sabre rattling. they won't be using political football as much. i like the home builder as well. i like the stock market. i think things are going to be solved sooner than later. >> final word, mr. la camp. >> well, i agree. if the republicans win, if mitt romney wins, there's going to be some optimism, enthusiasm, maybe a quicker fix to the fiscal cliff, and we have a rally that could last through january. but then we've got longer term problems that he can't fix overnight, and then the market is going to run into some new headwinds. >> thank you to the two jims. >>> coming up, this storm could have a huge impact on the presidential election. you might be surprised at which ca
what about tax hikes, fiscal cliff risk. what do you do here? we're in november. we don't have much time. how do you play this? >> with election risk, which i think is big. that's going to be a certainty a week from today. and i'm not ready to call the gop and conservatives a win. i think it's getting close. and if it does, remember that banks might be a nice play because there will be less sabre rattling. they won't be using political football as much. i like the home builder as well. i...
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Oct 31, 2012
10/12
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KGO
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. >> a ballot measure raising tax money for a local zoo. opponents are casting their doubts. new continues in one minute. >>> a humbolt county man this is not the humbolt county man we're talking about right now. sorry. we have the wrong image there. there we go. a man is recovering after being attacked by a shark while surfing in you're creek -- eureka. authorities say the attack happened about 12:15 this afternoon. he was bleeding and listed in fair conditions. >> two teenagers will be charged as adults in a arson and murder case appearing in court today, 16-year-old and 18-year-old did not enter pleas. they're accused of choking a woman to death, robbing her home, setting the house on fire. they face charges of arson, robbery, murder committed during a robbery. >> and city of east palo alto plans to expand use of the shot spotter system. the u.s. department of justice and the smart policing initiative awarded the city 300,000ses today improve and expand this program. shot spotter as lous torts to -- authorities i'd and east palo alto in 2009 officials say improved technolo
. >> a ballot measure raising tax money for a local zoo. opponents are casting their doubts. new continues in one minute. >>> a humbolt county man this is not the humbolt county man we're talking about right now. sorry. we have the wrong image there. there we go. a man is recovering after being attacked by a shark while surfing in you're creek -- eureka. authorities say the attack happened about 12:15 this afternoon. he was bleeding and listed in fair conditions. >> two...
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Oct 29, 2012
10/12
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tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. >>> welcome back to "squawk box" on this monday morning. we're covering hurricane sandy and its effect on the financial markets this morning. let's get you up to speed on what you need to know about the markets and the storms. the big board had been planning to keep electronic trading open but then reversed that decision in the evening last night. futures trading is taking place this morning. cme group is running overnight future session until 9:15 a.m. ea but then they're going to shut down for the day after that. dow component pfizer is among companies that canceled earnings reports this morning. however, the government is planning to release personal income and spending data for september as scheduled. that comes at 8:30 a.m. eastern. we'll of course
tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. >>> welcome back to "squawk box" on this monday morning. we're covering hurricane sandy and its effect on the financial markets this morning. let's get you up to...
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Nov 4, 2012
11/12
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WTTG
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the justice' 5-4 ruling, it states every american needs to have health insurance by 2014 or faye a tax penalty. >> the supreme court is working. we're not going to recite the battles of the last four years. >> reporter: democrats say mitt romney passed a similar healthcare measure in massachusetts when he was governor. the gop nominee believes this to be a state issue. and if he becomes president, he promises to repeel the law that he said is unconstitutional and a government overreach. >> the best course for healthcare error is to craft a plan at the -- healthcare is to craft a plan at the state level and fits the needs of the state and focus on getting the costs down for people, rather than raising it with the $2,500 additional premium. >> reporter: romney said he would keep popular parts of the law in place, including provisions relating to pre- existing conditions and keeping 20 somethings on their parent's insurance. he will control cost and generate competition with ideas of allowing people to buy insurance across state lines and form right purchasing pools. >> the right answer i
the justice' 5-4 ruling, it states every american needs to have health insurance by 2014 or faye a tax penalty. >> the supreme court is working. we're not going to recite the battles of the last four years. >> reporter: democrats say mitt romney passed a similar healthcare measure in massachusetts when he was governor. the gop nominee believes this to be a state issue. and if he becomes president, he promises to repeel the law that he said is unconstitutional and a government...
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Nov 3, 2012
11/12
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CSPAN
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i never voted for a tax increase. i would not be raising taxes on any american. we need to have a balanced budget amendment. it is something we need. we do it in the state, homes, businesses. that is a big difference. the first thing, every single time, is to raise taxes. the national federation of independent businesses said many people in this room would be affected by the cuts in her plan. i would not be putting the businesses of individuals and their lives in jeopardy. >> senator brown says he will cut health care. keep in mind, that is scored as it is going to increase our debt and not decrease it. he cites a study, the same thing out of governor romney's strategy. he was wrong then and he is wrong now. it does not analyze anything i did. it does not use the president's. keep in mind to this group is. can i finish? >> 10 more seconds. >> this group endorses senator brown and other republicans and refers to ted kennedy as public enemy number one. that is who they are. >> that is 15. but 45 seconds. >> if anybody thinks the national health care bill is not goi
i never voted for a tax increase. i would not be raising taxes on any american. we need to have a balanced budget amendment. it is something we need. we do it in the state, homes, businesses. that is a big difference. the first thing, every single time, is to raise taxes. the national federation of independent businesses said many people in this room would be affected by the cuts in her plan. i would not be putting the businesses of individuals and their lives in jeopardy. >> senator...
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Oct 30, 2012
10/12
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KTVU
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the measure would add 1.5% tax on sugary drinks. now richmond's mayor said it is a good way to begin the fight against obesity. >> and we know it is the perfect place to start because it has absolutely no nutritional valley. it is twice the calories... >> it is going to result in higher grocery bills whether or not they drink soda. >> it is fun to buy it and they will be the first in the nation to impose a tax. >>> the giants dugout, they were expecting even bigger crowds after tomorrow's parade but authorities are worried about counterfeit money gear and they have confiscated 1200 shirts being sold illegally. you can tell it is counterfeit money if it lacks the hologram sticker. >>> and they are offering everybody in game two of the world series but you can get more from taco bell and if you happened to be there, it is angel pay began may actually -- pagan may actually serve you your toco. we have more on yesterday's homecoming, just look for the world series tag, just look for [applauds]. we are looking at it and traffic is going
the measure would add 1.5% tax on sugary drinks. now richmond's mayor said it is a good way to begin the fight against obesity. >> and we know it is the perfect place to start because it has absolutely no nutritional valley. it is twice the calories... >> it is going to result in higher grocery bills whether or not they drink soda. >> it is fun to buy it and they will be the first in the nation to impose a tax. >>> the giants dugout, they were expecting even bigger...
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Oct 30, 2012
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tax reform and all the other issues. what about a romney administration? what sorts of promises, if any, have been articulated? >> scott, let me make it clear say there had ot been a proposal by the administration. they produced a long awaited white paper in january of 2011, which laid out three options. those options were a private solution, a government solution, or a hybrid solution. i'm not being very facetious here in saying that. so, we haven't will a proposal from either side. a proposal from either side. a proposal from either sidfrom either side. a proposal from either side.h a proposal from a a proposal from either side.d a proposal from either side. i would expect that a democratic would see some of the good things that the provided.ave three go back to my opening charts about how the mortgage market has changed because of that, and would want to keep something like them around. and i think that the republican administrati administration, if it came in, would want to go more to a free market kind of solution without any g.s.e.'s. i would hope th
tax reform and all the other issues. what about a romney administration? what sorts of promises, if any, have been articulated? >> scott, let me make it clear say there had ot been a proposal by the administration. they produced a long awaited white paper in january of 2011, which laid out three options. those options were a private solution, a government solution, or a hybrid solution. i'm not being very facetious here in saying that. so, we haven't will a proposal from either side. a...
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melissa: how much tax dollars and what could the tax dollars spent on? >>an i say, melissa, give the president a little credit here. net more new jobs than when he took office in the wake. melissa: 194,000. >> well, but in the wake of the biggest financial disaster. what does romney do? melissa: got 16 million people who need more jobs at a rate -- four years 194,000 how long would it take to 16 million back to work four years for 194,000. i'm going to be dead by the time everyone is back to work. you've bn talking a lot. i will will give you last word. >> romney wants to deregulate wall street tax breaks for the wealthy and do european style austerity where the eurozone has 11.7% unemployment. melissa: not where we want to go. all right. >> that is last word. nice to be with you again. melissa: thanks for coming on. coming up on money, zen and campaign ads don't exactly go together. one republican candidate is bringing voters much-needed r&r he is special laugh -- especially after the last segment. he is here in a fox business exclusive to give you a br
melissa: how much tax dollars and what could the tax dollars spent on? >>an i say, melissa, give the president a little credit here. net more new jobs than when he took office in the wake. melissa: 194,000. >> well, but in the wake of the biggest financial disaster. what does romney do? melissa: got 16 million people who need more jobs at a rate -- four years 194,000 how long would it take to 16 million back to work four years for 194,000. i'm going to be dead by the time everyone...
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Oct 30, 2012
10/12
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they are operating with tax paid infrastructure that is used for telecommunications. we paid for this. host: i'm going to clarify because i don't want people to get the wrong impression because we don't receive any government money at c-span. c-span is brought to you by your cable companies, public service. your cable bill a few pennies every month so we don't receive direct compensation from the federal government. i want to make sure that is clear. we have been talking about money and economic impact of this sto storm. hurricane sandy typified a stimulus. judging from the reports by the u.s. economy it continued to grow but judging from the big crowds heading for home depot, lowe's, costco in the eastern u.s. the economy is booming. with reconstruction and other elements of this could provide some economic stimulus. on the screen we can put up the c-span board of directors and you can find all of that information on our website. c-span.org if you are interesting after hearing what that caller had to say. those are the people serving currently. jerry in alabama. call
they are operating with tax paid infrastructure that is used for telecommunications. we paid for this. host: i'm going to clarify because i don't want people to get the wrong impression because we don't receive any government money at c-span. c-span is brought to you by your cable companies, public service. your cable bill a few pennies every month so we don't receive direct compensation from the federal government. i want to make sure that is clear. we have been talking about money and...
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Oct 31, 2012
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we have no income tax, no sales tax. the democratic and republican candidates will pledge on that issue, saying they will not have an income tax or sales tax. our two gubernatorial candidates right now are both running on that issue. host: neil levesque, about the recount laws in the state of new hampshire. is it possible that there could be a recount in this state and what are the rules for that? guest: we have specific rules for the state. we have a fine secretary of state, bill gardner, quite experienced in this. he's the person who has been the keeper of the flame for the new hampshire primary. we had a famous account here in the late '70's with senator john durken who recently passed away. frankly, i don't see it coming down to that. we will see what happens on tuesday. i think other states may be more likely to have a recount and new hampshire. host: do you have voter id laws? guest: yes, and there's some controversy. the legislature passed a voter -- a new voter law that required people to swear that if there were
we have no income tax, no sales tax. the democratic and republican candidates will pledge on that issue, saying they will not have an income tax or sales tax. our two gubernatorial candidates right now are both running on that issue. host: neil levesque, about the recount laws in the state of new hampshire. is it possible that there could be a recount in this state and what are the rules for that? guest: we have specific rules for the state. we have a fine secretary of state, bill gardner,...
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Oct 28, 2012
10/12
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WRC
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his plan cuts millionaires' taxes, but raises yours. he'll voucherize medicare... and make catastrophic cuts to education. so remember what romney said... and what his plan would do. president obama: i'm barack obama and... i approve this message. people prepare. >>> coming up in sports tonight, maryland's new quarterback spreads his wings against the boston college eagles. >>> carol begins tonight with the terps. >> that's right, we have the win lose and draw version of the sportscast. week nine of the college football season, the clock is ticking on teams trying to become bowl eligible. the maryland terra pins, one of those teams, just two more wins are needed. for the second straight week, they let one slip away late. the fourth string quarterback is the only one left. caleb rowe the true freshman, he led a comeback charge in the second half. his first td pass of his career, terps are rallying after being down 13-0. it's 13-10 in the fourth quarter. rowe finding his play maker, stephan digs, he was being double and triple teamed all day. he gets the ball in his
his plan cuts millionaires' taxes, but raises yours. he'll voucherize medicare... and make catastrophic cuts to education. so remember what romney said... and what his plan would do. president obama: i'm barack obama and... i approve this message. people prepare. >>> coming up in sports tonight, maryland's new quarterback spreads his wings against the boston college eagles. >>> carol begins tonight with the terps. >> that's right, we have the win lose and draw version of...
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Nov 1, 2012
11/12
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CURRENT
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ñ taxes on >>the rich, you're going to destroy our economy." not true! >> eliot: who built that was the question that framed the election for a month during the convention season. as the republican party tried to mock the sensible and correct argument made by president obama, the government had, in fact, built much of what made our economy tick. from many of the essential pieces of our infrastructure to thethe great public universities that produce ground-breaking technology and funding research and development all of this is what permits and helps our economy to forge ahead. and put aside for the moment that the speakers at the republican convention took the president's statement totally out of context asserting that the president claimed government built the businesses, not the surrounding infrastructure that permits businesses to drive. ignoring the facts speaker after speaker came to the podium at the republican convention and said mockingly, we built that. as if to debunk the need for government. the speeches, in fact, captured the disdain that romn
ñ taxes on >>the rich, you're going to destroy our economy." not true! >> eliot: who built that was the question that framed the election for a month during the convention season. as the republican party tried to mock the sensible and correct argument made by president obama, the government had, in fact, built much of what made our economy tick. from many of the essential pieces of our infrastructure to thethe great public universities that produce ground-breaking technology...
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Oct 29, 2012
10/12
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KPIX
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that's the tax increase jerry brown is pushing. and in those commercials, he talks about cuts to state funding he's made since he wants voters to believe our tax dollars are being spent wisely. here's a clip. and notice the mention of cuts to cars. >> jerry brown cut phones, cars, travel budgets and state commissions. >> and well, yes, the governor's budget did cut cars for the fiscal year. but recent -- cost $750,000 so far this year. the investigation also showed employees using those fancy rental cars to do personal errands. so this report comes out and last friday at the state wise meeting jerry brown was there and asked about this report. here's what he had to say: quote, there are 300,000 employees in the state of california and like to watch overall of them. but i think only god can accomplish that. >> how did that make everybody feel? better? no? >> i don't think it made anyone feel better. that 300,000 number includes supervisors, managers and department heads whose job is in fact to watch overstate employees. may also exp
that's the tax increase jerry brown is pushing. and in those commercials, he talks about cuts to state funding he's made since he wants voters to believe our tax dollars are being spent wisely. here's a clip. and notice the mention of cuts to cars. >> jerry brown cut phones, cars, travel budgets and state commissions. >> and well, yes, the governor's budget did cut cars for the fiscal year. but recent -- cost $750,000 so far this year. the investigation also showed employees using...
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Nov 2, 2012
11/12
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CSPAN
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with federal income tax 35%, payroll tax, state income tax, state sales tax, real estate tax, gasoline tax. they said over 50% of what their business makes they send to government. he said think about this. when you start a small business your chance of succeeding is not real high. the failure rate on small business is pretty significant. if and if you succeed the government wants more than half of what you make. so businesses are less likely to get started and hire people. so i want to bring the tax rates down. the president wants to raise tax on small business. i would not raise taxes on small businesses or on middle class america. we've also got to get regulators to see that their job is in helping businesses not killing them. big business can handle regulations by the way. it slows them down but they can handle it because they have all the lawyers in the world. you got to make it easier for small business. obama care is one of the things i heard. obama care the cost per employ was back breaking and they couldn't finances it. so one thing we've got to do if we want to keep jobs is g
with federal income tax 35%, payroll tax, state income tax, state sales tax, real estate tax, gasoline tax. they said over 50% of what their business makes they send to government. he said think about this. when you start a small business your chance of succeeding is not real high. the failure rate on small business is pretty significant. if and if you succeed the government wants more than half of what you make. so businesses are less likely to get started and hire people. so i want to bring...
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Oct 29, 2012
10/12
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KPIX
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eye 246
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tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. >> schieffer: and we're back now. ruth marcus, i want to get back to this business about the women's vote. no question, the president had a big lead there. and there's no question that has closed. why do you think that is? >> well, i think to the extent that it's closed-- and i don't want to revise the debate about how much it's closed-- that reflects governor romney's solid and
tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper...
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Oct 29, 2012
10/12
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MSNBC
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they're floating ideas that the white house might consider a new tax to replace it, the payroll tax that's supposed to expire. there's a lot to be said. the president is calling for a mandate. >> let me just ask you finally, dave, we mentioned that new political poll. the president up by one, three-point swing from last week but still a statistical dead heat. what do thele polls tell us at this point? >> i notice the congresswoman didn't spend yes or no when you asked her whether the jeep ad mitt romney is running is false. the answer is because the ad is mostly false. it doesn't say they're move yurg jobs to china. it said they're building jeeps in china. two independent things. the nervousness from an ad like that from the romney campaign, they can talk about how they surge ahead in ohio but they clearly are not. the national polls that show romney doing well, a lot of what i hear it shows him rising in states that haven't seen advertising and people have warmed a bit to him. that doesn't matter. he's unable to break through the glass like he needs to in ohio. watch where the most campai
they're floating ideas that the white house might consider a new tax to replace it, the payroll tax that's supposed to expire. there's a lot to be said. the president is calling for a mandate. >> let me just ask you finally, dave, we mentioned that new political poll. the president up by one, three-point swing from last week but still a statistical dead heat. what do thele polls tell us at this point? >> i notice the congresswoman didn't spend yes or no when you asked her whether...
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Nov 2, 2012
11/12
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MSNBC
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families maintain higher after tax income. >> all right. alan kruger the chairman of the council of economic advisers. thanks for coming on this morning. >> thank you. >> we'll see you next month as well. just because the election happens doesn't mean we won't. thank you. trivia time we asked what is the last time minnesota voted for a republican in the presidential election. the answer 1972. richard nixon's landslide second election. before that you go back to 1956. giving the white house soup of the day, not many there to eat it, roasted vegetable. this is the time of year when i care more about soup because i do eat soup myself almost every day. [ female announcer ] want to spend less and retire with more? then don't get nickle and dimed by high cost investments and annoying account fees. at e-trade, our free easy-to-use online tools and experienced retirement specialists can help you build a personalized plan. and with our no annual fee iras and a wide range of low cost investments, you can execute the plan you want at a low cost. so me
families maintain higher after tax income. >> all right. alan kruger the chairman of the council of economic advisers. thanks for coming on this morning. >> thank you. >> we'll see you next month as well. just because the election happens doesn't mean we won't. thank you. trivia time we asked what is the last time minnesota voted for a republican in the presidential election. the answer 1972. richard nixon's landslide second election. before that you go back to 1956. giving...
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Nov 3, 2012
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tax cuts? umax. buerkle: the house voted with bipartisan support. we don't know what the regulation is going to be coming down type. it will disparately affect the middle class or it will affect all americans in an economy that is so fragile. it will be a mistake to raise taxes. the last congress in 2010 knew that. we don't raise taxes when the economy is fragile. it will impact businesses and job creation and what we want to do is encourage them and help them grow so they can hire and get our economy back on track. >> moderator: sea would get us back on track for now and beyond? buerkle: public. rozum: i would support progressives marginal tax rates on the top 10%. those that have done well in our economy in the past 40 years. i support the eisenhower rates. with the eisenhower rates we could raise $1.2 trillion people need to be put back to work with money in their pockets. i also support cutting the military budget by 50%. we can protect small businesses and farms by not raising taxes. when
tax cuts? umax. buerkle: the house voted with bipartisan support. we don't know what the regulation is going to be coming down type. it will disparately affect the middle class or it will affect all americans in an economy that is so fragile. it will be a mistake to raise taxes. the last congress in 2010 knew that. we don't raise taxes when the economy is fragile. it will impact businesses and job creation and what we want to do is encourage them and help them grow so they can hire and get our...
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Oct 31, 2012
10/12
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add table games and... a new casino, generating millions of dollars... every year, without raising taxes. leggett: and audits will ensure the money goes... where it's supposed to. more jobs, and millions for schools. baker: question seven will be good for our kids... our teachers, and our schools. leggett: keep maryland money in maryland. baker: please vote for question seven. leggett: vote for question seven. >>> welcome back. listen up, you see it everywhere on the street, on the bus, in meetings, people bent over their cell phones or ipads and tablets. it may lead to a real pain in the neck. it's not just adults at risk. if your kids play games, they may be at risk for neck damage as well. joining us is a chiropractor who says text neck is becoming a real problem. thanks for coming in. >> good to be here. >> i have noticed this, this hunched over appearance sometimes. and sometimes people are in that position for a long period of time. is that what the problem is? >> that is what the problem is. that's what we're referring to, referring to as text neck, which simply put is forward hea
add table games and... a new casino, generating millions of dollars... every year, without raising taxes. leggett: and audits will ensure the money goes... where it's supposed to. more jobs, and millions for schools. baker: question seven will be good for our kids... our teachers, and our schools. leggett: keep maryland money in maryland. baker: please vote for question seven. leggett: vote for question seven. >>> welcome back. listen up, you see it everywhere on the street, on the...
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Oct 30, 2012
10/12
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he did not pay his taxes once, he did not pay his taxes three times. he is raising your taxes and is not paying his own. when he was asked why he did not pay his taxes, his answer was that he forgot. maybe the understand that once or twice but three times, you forgot to pay your taxes? you are on the banking committee that deals with mortgages. if you are not paying your own taxes. the reason congress has a 10% approval rating, is because they think they can live by one set of rules. it is so proud to stand up for lower taxes. i helped pass the first property tax rollback in the history of the county. >> this is simply not true, again, but i have come to expect that. he did not answer the question about grover norquist. it is not just talking about middle-class taxes. he has a fast against raising taxes on hedge fund operators, who pays more than mitt romney -- coupes -- who paid significantly lower tax then it an mitt romney does and most of us to. he says you cannot raise taxes on many millionaires were millionaires. the worst part is, i know the oil
he did not pay his taxes once, he did not pay his taxes three times. he is raising your taxes and is not paying his own. when he was asked why he did not pay his taxes, his answer was that he forgot. maybe the understand that once or twice but three times, you forgot to pay your taxes? you are on the banking committee that deals with mortgages. if you are not paying your own taxes. the reason congress has a 10% approval rating, is because they think they can live by one set of rules. it is so...
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Oct 31, 2012
10/12
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maximum loss of tax they is 35%. if you buy a bond of 1.5%, you'd leave the state taxes and you really can after tax return of 1%. doesn't wash. i think the capital is being confiscated. i've no particular interest in government bonds as an alternative common stock. now the last area i want to mention kind of comes in the world of contrary opinion. you know, is an expression for the city to come to wall street will come to respect and understand and that is the stock market does whatever's got to do compound the largest group of investments. what never was complacent and comfortable the forecast for guys like me come in the market is something that surprises you. in the last five years have seen a significant tea risking by the public and by institutions of the equity ownership. so what would the pantry be? the market goes up because everybody is expecting the market to go down. so you look here and see a band, every year in the last five years comes to get selling of equity funds by the public. what are they doing?
maximum loss of tax they is 35%. if you buy a bond of 1.5%, you'd leave the state taxes and you really can after tax return of 1%. doesn't wash. i think the capital is being confiscated. i've no particular interest in government bonds as an alternative common stock. now the last area i want to mention kind of comes in the world of contrary opinion. you know, is an expression for the city to come to wall street will come to respect and understand and that is the stock market does whatever's got...
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Oct 27, 2012
10/12
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. >> tom: then, from tax hikes to corpore
. >> tom: then, from tax hikes to corpore
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Oct 29, 2012
10/12
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. >> on bain, flip-flops, taxes, secrecy, his wealth. but romney finally crawled across the finish line. and his new junior partner, paul ryan, has given reluctant conservatives some hope. >> i want to hear what he has to say on this topic. >> but presidential politics is more than just piecing together coalitions. it's also about telling a story of who you are, what you believe and why you can be trusted. >> he's very professional. he's got a bit of new england in him. when he's out doing a job, he's going to do it professionally, but he's not the caricature the media or democrats want to portray. he's a very warm, caring guy. >> good morning. >> in september a a private recording showed who hecared about. >> my job is not to worry about those people. >> romney painted his own unflattering portrait and the damage endured. >> his problem during this campaign if you look at the polls is that significant majority of people do not believe he understands their problems. when he talked about that 47% that only seemed to compounds that problem
. >> on bain, flip-flops, taxes, secrecy, his wealth. but romney finally crawled across the finish line. and his new junior partner, paul ryan, has given reluctant conservatives some hope. >> i want to hear what he has to say on this topic. >> but presidential politics is more than just piecing together coalitions. it's also about telling a story of who you are, what you believe and why you can be trusted. >> he's very professional. he's got a bit of new england in him....
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Oct 29, 2012
10/12
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tax cut geared toward the wealthy he won't say how to pay for it. the only way to pay for it according to every expert in the country is increasing the deficit or raising taxes on the middle class and that's a real difference, and a real difference to the people of iowa who on average middle class families pay $3600 less in taxes as a result of the president's policies. but as we said earlier today, we didn't get their endorsement in the democratic primary in 2008, but we managed to soldier on. we'll soldier on here. we're confident we are going to win iowa. >> what about pennsylvania because democrats have been saying that it's solid, that they don't pay attention to polls showing that it's more in play, but now $2 million from restore our future from the super pac for mitt romney being invested into pennsylvania. is pennsylvania in play? >> i think that the romney campaign is trying to put it in play. they can't figure out how to get to 270 electoral votes they're losing in ohio. we are tied in florida and our ground game is turning out. they can'
tax cut geared toward the wealthy he won't say how to pay for it. the only way to pay for it according to every expert in the country is increasing the deficit or raising taxes on the middle class and that's a real difference, and a real difference to the people of iowa who on average middle class families pay $3600 less in taxes as a result of the president's policies. but as we said earlier today, we didn't get their endorsement in the democratic primary in 2008, but we managed to soldier on....
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Nov 4, 2012
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again on bain and calling on him to do what his own father did, release multiple years of his personal tax returns. >> i think bain is the beginning of a narrative arc. bain will be around i suspect for the whole campaign. so i think it's the foundation of a narrative arc and i think that narrative is all going to tie together by the end of this campaign. if romney does not find an effective answer to this, he will come across as the candidate of the few by the few and for the few. >> his wealth and his success in a year where these are all issues that people are talking about you know, have the possibility at some dimensions to, you know, to make him a caricature of himself. he'll have to offer a positive hopeful vision for the future of the country, which he has the capacity to do. >> through the dissidence, the romney campaign fights to get out its message. >> you put yourself out there. you describe what you believe. hopefully, people sort through all the chaff that's thrown by the opposition and they get to know what's the core of the person that's running for office. and i hope to be
again on bain and calling on him to do what his own father did, release multiple years of his personal tax returns. >> i think bain is the beginning of a narrative arc. bain will be around i suspect for the whole campaign. so i think it's the foundation of a narrative arc and i think that narrative is all going to tie together by the end of this campaign. if romney does not find an effective answer to this, he will come across as the candidate of the few by the few and for the few....
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Oct 31, 2012
10/12
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while the economy will tax a hard hit from the storm, one analyst believes sandy could have a positive impact in the long run. >> the first information we get will be from lost output and airline cancellation and that will be negative. then, more and more, we'll start seeing trickling into the economic data the benefits of the reconstruction. >> sandy is predicted to be one of the 10 most expensive storms in history but still far below hurricane katrina which ran a price tag of more than $100 billion. >> some perspective there but things are calming down in fairfax county after sandy shut down that area. but there is still plenty of work to be done there. >> beth parker reports. >> reporter: from this spot on his roof, norm richards has a pretty good view of prosperity avenue but some of the people who live mere may not be feeling all that prosperous today. >> water dripping through the living room and i got a littleup set. that is why we spent all this money to have a new roof put on. >> reporter: a leaky roof and no electricity here in the pine ridge neighborhood in fairfax county. w
while the economy will tax a hard hit from the storm, one analyst believes sandy could have a positive impact in the long run. >> the first information we get will be from lost output and airline cancellation and that will be negative. then, more and more, we'll start seeing trickling into the economic data the benefits of the reconstruction. >> sandy is predicted to be one of the 10 most expensive storms in history but still far below hurricane katrina which ran a price tag of more...
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Nov 1, 2012
11/12
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tax and then if you add other taxes t payroll tax, the state income tax if you have one, real estate tax, sales tax, well you can find small businesses spending as much as 50% of what they earn on government, on taxes. and as a result of that you have a lot of people saying why would i start a business if i'm lucky enough to have it successful the government is going to take half of what i make back. canada has lowered their corporate tax rate to 15%. ours is 35. they've lowered to 15, why? not because they want less money. they know if businesses grow and thrive there they will get more money. so that's how it works. so i want to bring our tax rates down to help small businesses and make it easier for people to start them. i want to make sure we understand how to make regulations work for small business. by the way some people in our party say we want to deregulate. that's an overstatement. we want to get rid of excessive regulation. we know you have to have some to make our economy work. but sometimes regulators look at businesses like they're the enemy. and i have small businesses
tax and then if you add other taxes t payroll tax, the state income tax if you have one, real estate tax, sales tax, well you can find small businesses spending as much as 50% of what they earn on government, on taxes. and as a result of that you have a lot of people saying why would i start a business if i'm lucky enough to have it successful the government is going to take half of what i make back. canada has lowered their corporate tax rate to 15%. ours is 35. they've lowered to 15, why? not...
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Nov 1, 2012
11/12
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have been knocked off their foundations are uninhabitable could very well drop off, which could cause tax rolls, which could cause a real revenue problem for the municipality. it's going to be a serious problem. >> mr. mayor, the boardwalk and the beach is the beach gone? is it damaged? is it recoverable? >> it varies in different places but the beach right now we've always had sand dunes in front of the boardwalk. it's been a natural barrier. itright now the boardwalk the boards are gone, but the pilings are ten feet in the air which means eight feet or ten feet of sand dune are gone, and then below that another ten feet. we've lost sand from the beach level. the water is lapping up. if we had another storm right now, the whole ocean is going to be in the streets. >> eliot: mayor keleher thank you for joining us. our thoughts and prayers are with you. >> i appreciate it. >> eliot: wow, that is devastation. you look at those pictures, parts of new york city looks like that. my goodness, you see complete--communities completely gone. >> that's exactly right. the thing with new york city, i
have been knocked off their foundations are uninhabitable could very well drop off, which could cause tax rolls, which could cause a real revenue problem for the municipality. it's going to be a serious problem. >> mr. mayor, the boardwalk and the beach is the beach gone? is it damaged? is it recoverable? >> it varies in different places but the beach right now we've always had sand dunes in front of the boardwalk. it's been a natural barrier. itright now the boardwalk the boards...
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Oct 29, 2012
10/12
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measure n would add a 1 cent per ounce tax on sodas and other sugary drinks. if it passes, richmond would become the country's first city to impose such a tax on businesses. the town hall meeting starts at 7:00 at bethlehem hem missionary baptist church in richmond. >> 6:25. >>> a big celebration in san francisco civic center last night. thousands gather to watch the giants win the world series. [ cheering ] the chain was flowing out -- champagne were flowing out there although fans were not supposed to have alcohol in the plaza. mayor lee wanted to give families chance to cheer on the giants together. >> i knew it was going to happen. you know, it was already written, and the giants, they came through with flying colors. number one, baby! number one! [ cheering ] >> this is not the first time fans have been invite to the civic center plaza. more than 7,000 fans were there to watch the giants win the world series in 2010. >>> now, the city of san francisco's preparing a victory parade for the giants this wednesday, halloween. just like in 2010, the ticker- tap
measure n would add a 1 cent per ounce tax on sodas and other sugary drinks. if it passes, richmond would become the country's first city to impose such a tax on businesses. the town hall meeting starts at 7:00 at bethlehem hem missionary baptist church in richmond. >> 6:25. >>> a big celebration in san francisco civic center last night. thousands gather to watch the giants win the world series. [ cheering ] the chain was flowing out -- champagne were flowing out there although...
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Nov 3, 2012
11/12
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he was nicknamed taxing it tummy when he was here -- taxing tommy. he is not fiscally responsible. and i am voting for tammy and i do not even like her, just because of that. host: why not? caller: i never have. i am an independent, i always thought she was too much of a liberal for me. i remember tommy thompson as governor. there's no way of would vote for him. tammy baldwin is not in my district. i have never voted for her before. but i am now. host: as far as ads and calls, what has that been like? caller: i hang up on all of the phone calls. i am tired of them. i hate it. there's nothing i can do about that. as far as the assets go, i do not know why anyone can vote for romney because he has put thought and allied. more so than any election that i remember. and i am older. it has been just terrible. and then the fact that he will not release his tax is does bother me. host: you are going to vote for president obama? why so? caller: i do think he has tried very hard. i used to work in the health field. and i know how much people are so worried about government covering their hea
he was nicknamed taxing it tummy when he was here -- taxing tommy. he is not fiscally responsible. and i am voting for tammy and i do not even like her, just because of that. host: why not? caller: i never have. i am an independent, i always thought she was too much of a liberal for me. i remember tommy thompson as governor. there's no way of would vote for him. tammy baldwin is not in my district. i have never voted for her before. but i am now. host: as far as ads and calls, what has that...
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. >> on bain, flip-flops, taxes, secrecy, his wealth. but romney finally crawled across the finish line. and his new junior partner, paul ryan, has given reluctant conservatives some hope. >> i want to hear what he has to say on this topic. >> but presidential politics is more than just piecing together coalitions. it's also about telling a story of who you are, what you believe and why you can be trusted. >> he's very professional. he's got a bit of new england in him. when he's out doing a job, he's going to do it professionally, but he's not the caricature the media or democrats want to portray. he's a very warm, caring guy. >> good morning. >> romney painted his own unflattering portrait and the damage endured. >> his problem during this campaign, if you look at the polls, is that a significant majority of people do not believe he understands their problems. and when he talked about the 47%, that only seemed to compound that problem. >> i think the first, most important thing is to recognize that that's not an accurate perception, th
. >> on bain, flip-flops, taxes, secrecy, his wealth. but romney finally crawled across the finish line. and his new junior partner, paul ryan, has given reluctant conservatives some hope. >> i want to hear what he has to say on this topic. >> but presidential politics is more than just piecing together coalitions. it's also about telling a story of who you are, what you believe and why you can be trusted. >> he's very professional. he's got a bit of new england in him....
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Oct 28, 2012
10/12
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KGO
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he said romney targeted the middle class with unnecessary fees and taxes. the president also says it will be hard for romney to accomplish all of the last-minute promises he is making right now. both president obama and mitt romney has cancelled campaign stops because of hurricane sandy. the romney campaign said a scheduled stop in the swing state of virginia will not happen today because of the growing threat from sandy. first lady michelle obama has cancelled an appearance in new hampshire on tuesday, and president obama is said to be going to fema headquarters today to get a briefing and begin monitoring storm conditions. >>> local democratic and republican parties are ramping up their efforts to make sure voters get to the polls. all over the bay area phone banks are up and calling people in both parties. abc7 news reporter thomas ramon has the story from oakland. >> she is a volunteer going door to door in this direct to make sure the voters know the issues and get out to vote. she's part of a few dozen men and women who volunteer to walk precincts for
he said romney targeted the middle class with unnecessary fees and taxes. the president also says it will be hard for romney to accomplish all of the last-minute promises he is making right now. both president obama and mitt romney has cancelled campaign stops because of hurricane sandy. the romney campaign said a scheduled stop in the swing state of virginia will not happen today because of the growing threat from sandy. first lady michelle obama has cancelled an appearance in new hampshire on...
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Oct 31, 2012
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correct on the tax cuts. i am a republican for my issues which are limited government and lower taxes and less regulatory environment. i think in colorado where you find is you move west across the united states. the republican voter is a closet-libertarian type loder where it is limited government. it is an old west at age, keep government out of our lives. you see democratic voters as evident by our governor who moved more toward the center. if they could have another moniker it would be the common sense party. limited government and less washington, d.c. involvement. >> the governor is a democrat. what is the makeup of the state legislature? guest: we have a slight majority in the statehouse so we control the state house. in the state senate you have a slim majority. our attorney general and secretary of state and state treasurer are three other statewide elected officials. the governor, democrat who is very popular is obviously a democrat. it is representative of the voting population which we are helter-
correct on the tax cuts. i am a republican for my issues which are limited government and lower taxes and less regulatory environment. i think in colorado where you find is you move west across the united states. the republican voter is a closet-libertarian type loder where it is limited government. it is an old west at age, keep government out of our lives. you see democratic voters as evident by our governor who moved more toward the center. if they could have another moniker it would be the...
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in washington, allen voted to end tax deductions for college tuition. and now, a budget plan that devastates k-12 classrooms-- all to pay for even more tax breaks for the wealthy. seiu cope is responsible for the content of this ad. >>> it's a ballot question that hasn't gotten much attention this fall. question 1 in virginia would put limits on the power of eminent domain. northern virginia bureau chief julie carey tells us what virginia voters need to know before tuesday. >> reporter: you'd never know dale swanson's secluded six-acre property is next to the spitz'll vania mall. and on may 5th, 2005 a planned mall and road expansion suddenly shattered the tranquility here. swanson was stunned to find bulldozers outside tearing up her property and her private road. >> they cut down trees. they bulldozed trees down. and the biggest thing is they destroyed my road. >> reporter: years later swanson is still fighting to be reimbursed for the damage. the experience has made her a fierce advocate for question 1 on the virginia ballot. the constitutional amend
in washington, allen voted to end tax deductions for college tuition. and now, a budget plan that devastates k-12 classrooms-- all to pay for even more tax breaks for the wealthy. seiu cope is responsible for the content of this ad. >>> it's a ballot question that hasn't gotten much attention this fall. question 1 in virginia would put limits on the power of eminent domain. northern virginia bureau chief julie carey tells us what virginia voters need to know before tuesday. >>...
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Oct 29, 2012
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. >>> soda tax is up for discussion at a town hall meeting tonight. the mayor as well as nutrition experts. meeting starts at 7:00 tonight. >>> someone hit a $13 million super lotto plus jackpot and the winning ticket was purchased in the bay area. >> the winning numbers drawn saturday night were 38, 36, 14, 5, 47 and meganumber was 18. the winning ticket was sold at the best food produce store here in san francisco. if that's where you buy your ticket, might want to take a peek. >> 5:21 right now. think you're the biggest fan? we met a woman who traveled thousands of miles. >> our play of the day when we come back. ,,,,,,,,,,,,,, okay, what'ya havin? i'll have the build your own burger with a... sunny-side up egg, jack cheese, jill. and, uh... make it a double. inspiration can come from anywhere. successful outing against a division rival. >>> all right. around the bay area, starting out with dense fog early on. lots of sunshine. 70s maybe 80s. will that weather hold though? we'll talk about that coming up. >> problem free all across the bay area. th
. >>> soda tax is up for discussion at a town hall meeting tonight. the mayor as well as nutrition experts. meeting starts at 7:00 tonight. >>> someone hit a $13 million super lotto plus jackpot and the winning ticket was purchased in the bay area. >> the winning numbers drawn saturday night were 38, 36, 14, 5, 47 and meganumber was 18. the winning ticket was sold at the best food produce store here in san francisco. if that's where you buy your ticket, might want to...
WHUT (Howard University Television)
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Oct 29, 2012
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WHUT
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but once he took office, he pushed through a tax cut that overwhelmingly benefit 278 of the wealthiest families in the state, and then he raised taxes and fees on middle-class families to the tune of $750 million. does that sound familiar to you? >> appearing in ohio, romney rallied supporters by invoking the mantra of a fictional football team depicted in the television drama "friday night lights." >> there is a fictional football team that used to be on tv, and as the team would go out of their locker room often facing a daunting team there would touch a sign that said, clear eyes, full hearts, can't lose. you have seen it. and that is how i feel about ohio. you have clear eyes, and full hearts, and on november 6, we cannot lose with your help. we are taking back america. >> at these four people were killed sunday when u.s. drones struck northern yemen. the victims were alleged militants, the u.s. policy is to deem any adult age male targeted by drones as a militant unless proven otherwise after they're killed. it was the fourth known u.s. drone strike inside yemen this month. violen
but once he took office, he pushed through a tax cut that overwhelmingly benefit 278 of the wealthiest families in the state, and then he raised taxes and fees on middle-class families to the tune of $750 million. does that sound familiar to you? >> appearing in ohio, romney rallied supporters by invoking the mantra of a fictional football team depicted in the television drama "friday night lights." >> there is a fictional football team that used to be on tv, and as the...
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Oct 27, 2012
10/12
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CSPAN2
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he taxed malthus with improposing a kind of moral slavery on his followers than was worse than any kind of legal slavery. is malthus, quote, proposes to introduced a system of celibacy taylor asked, who could fail to notice the difference in point of benevolence between indirect slavery to an absolute master, and direct slavery to an absolute master? in taylor's america even those subjected to quote, direct slavery to an absolute master retained the right to reproduce. in taylor's america then no matter all the other freedoms that were denied to enslaved people, including the right to legal marriage and indeed to own, quote, unquote, their own children, they nevertheless had rights to reproduce that were in danger in malthus's england. u.s. slaveholders then could boast that african-americans in bondage had greater basic liberties and privileges than supposedly free-born englishmen in malthus's britain, meanwhile white americans enjoyed natural rights to love and marriage that were impossible to imagine in the cramped english aisle. print was the key arena where these ideas were spread.
he taxed malthus with improposing a kind of moral slavery on his followers than was worse than any kind of legal slavery. is malthus, quote, proposes to introduced a system of celibacy taylor asked, who could fail to notice the difference in point of benevolence between indirect slavery to an absolute master, and direct slavery to an absolute master? in taylor's america even those subjected to quote, direct slavery to an absolute master retained the right to reproduce. in taylor's america then...
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Nov 1, 2012
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with federal income tax 35%, payroll tax, state income tax, state sales tax, real estate tax, gasoline tax. they said over 50% of what their business makes they send to government. he said think about this. when you start a small business your chance of succeeding is not real high. the failure rate ob on smull business is pretty significant. if and if you succeed the government wants more than half of what you make. so businesses are less likely to get started and hire people. so i want to bring the tax rates down. the president wabts to raise tax on small business. i would not raise taxes on small businesses or on middle class america. we've also got to get regulators to see that their job is in helping businesses not killing them. big business can handle regulations by the way. it slows them down but they can handle it because they have all the lawyers in the world. you got to make it easier for small business. obama care is one of the things i heard. obama care the cost per employ was back breaking and they couldn't finances it. so one thing we've got to do if we want to keep jobs i
with federal income tax 35%, payroll tax, state income tax, state sales tax, real estate tax, gasoline tax. they said over 50% of what their business makes they send to government. he said think about this. when you start a small business your chance of succeeding is not real high. the failure rate ob on smull business is pretty significant. if and if you succeed the government wants more than half of what you make. so businesses are less likely to get started and hire people. so i want to...
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Nov 1, 2012
11/12
by
CSPAN2
tv
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maximum loss of tax they is 35%. if you buy a bond of 1.5%, you'd leave the state taxes and you really can after tax return of 1%. doesn't wash. i think the capital is being confiscated. i've no particular interest in government bonds as an alternative common stock. now the last area i want to mention kind of comes in the world of contrary opinion. you know, is an expression for the city to come to wall street will come to respect and understand and that is the stock market does whatever's got to do compound the largest group of investments. what never was complacent and comfortable the forecast for guys like me come in the market is something that surprises you. in the last five years have seen a significant tea risking by the public and by institutions of the equity ownership. so what would the pantry be? the market goes up because everybody is expecting the market to go down. so you look here and see a band, every year in the last five years comes to get selling of equity funds by the public. what are they doing?
maximum loss of tax they is 35%. if you buy a bond of 1.5%, you'd leave the state taxes and you really can after tax return of 1%. doesn't wash. i think the capital is being confiscated. i've no particular interest in government bonds as an alternative common stock. now the last area i want to mention kind of comes in the world of contrary opinion. you know, is an expression for the city to come to wall street will come to respect and understand and that is the stock market does whatever's got...